Banco Santander, S.A. Sponsored (SAN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Banco Santander, S.A. Sponsored

NYSE•Financial Services•Banks - Diversified

$11.78-0.69(-0.06%)Market open

Market Cap

$199.28B

P/E

12.3x

P/S

1.8x

P/B

1.8x

Banco Santander, S.A. provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide. The company operates through five segments: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking, Wealth Management & Insurance, and Payments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services. The company also provides credit and debit cards, real estate loans, microfinance, and auto loans; corporate and investment banking services; advice on mergers and acquisitions; wealth, asset, and risk management services; and digital payments and technology solutions. In addition, it is involved in the securitization, leasing, management of portfolios, e-commerce, air transport, aircraft rental, software, consulting, fund and investment management, renewable energy, vehicle rental, insurance, advertising, marketing, telemarketing, automotive, agricultural, factoring, securities brokerage and investment, pension fund management, trade intermediary, venture capital fund, renting, restaurant, electricity production, IT, internet, and financial advisory and other activities; management, and other real estate activities; and purchase and sale of vehicles. Further, the company offers mobile and online banking services. Banco Santander, S.A. was formerly known as Banco Santander Central Hispano SA and changed its name to Banco Santander, S.A. in February 2007. The company was incorporated in 1856 and is headquartered in Madrid, Spain.

How this company scores

AverageMetricSide Score: 59/100

Strongest: Growth (21/25); weakest: Cash & Earnings Quality (3/25).

Profitability20/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality3/25

Strengths

Growing revenueStrong marginsRising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.8x5y range 4.0x – 14.8x

Currently above its 20-quarter median.

P/S · 2.2x5y range 0.6x – 2.5x

Currently above its 20-quarter median.

P/B · 2.1x5y range 0.4x – 2.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 27.7% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $199.28B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $110.86B
Q. Revenue: $32.72B
TTM EBITDA: $20.94B
TTM Op. Income: $19.60B
Q. Op. Income: $4.80B
TTM Net Income: $16.21B
Q. Net Income: $3.41B
EPS: N/A
Shares Out.: $16.92B

$110.86B in TTM revenue grew 50.2% YoY, reaching $32.72B last quarter. TTM EBITDA of $20.94B and TTM operating income of $19.60B show growth is flowing through to the bottom line. TTM net income of $16.21B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 13.9%
Op. Margin: 14.7%
Net Margin: 10.4%

Op. margin of 14.7% is down 18.2% YoY — costs are rising relative to revenue. Net margin at 10.4% Over the past year, operating margin is down 55% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.8x
P/S Ratio: 2.2x
P/B Ratio: 2.1x

At 14.8x P/E, the stock trades below typical market levels. P/S of 2.2x and P/B of 2.1x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.14T
Cash: $165.08B
Long-Term Debt: N/A
Book Value: $113.40B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

TTM Free Cash Flow: $-223.00M
FCF Margin: -0.2%
FCF / Net Income: -0.0

TTM FCF of $-223.00M. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 102% — an improving trend.